OpenAI reportedly finalizing $100B deal at more than $850B valuation

OpenAI is nearing a deal to raise more than $100 billion at a valuation that could exceed $850 billion, Bloomberg reports, citing sources familiar with the matter. The deal comes as the ChatGPT-maker burns through cash as it inches toward profitability. To that end, OpenAI has said it has started testing ads in ChatGPT for free users, a gamble that could lead to more revenue or could send users running from the platform. Apparently investors think it’s worth the risk if they’re valuing the company $20 ...